Lido Island in Newport Beach, CA | Market Report | February, 2012

Lido Island in Newport Beach is a beautiful community of homes in Newport Beach which is actually an island. There is a bridge going to Lido Island, or Lido Isle as it is also referred to as. Lido Island has bay front homes and many of these homes have slips available for their yachts.

The bayfront homes located on Lido Isle in Newport Beach have incredible views of Newport Harbor. Many of these homes do have slips, however there are some that do not.

Currently, there are 28 active listings on Lido Island in Newport Beach, 3 in back up status (one property in back up is a short sale), and no pending sales. There were 3 sales the month of February, 2012. The only distressed property on Lido Island in Newport Beach is the one in back up status.

The average sales price for the month of February, 2012 was $1,378,000 and price per square foot is $653,09. There were no sales in Janaury, 2012. The average sales price of a home in December, 2011 was $1,195,000 with a price per square foot of $969.31.

The average sales price for the past one year on Lido Island in Newport Beach is $2,317,870 with a price per square foot of $879.65.

Inventory has increased in the past 30 days, and the trend on Lido Island in Newport Beach. . There is an approximate absorption rateof 9.3 months (which is a one month period and generally not a trend).

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About Me

Sharon Paxson is a full time REALTOR® with Arbor Real Estate Professionals and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlord’s and Tenant’s with their real estate needs.

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DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. Please always look at the date posted. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed. BRE 01501912